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To: Levante
The $1.2 trillion that is supposed to automatically occur if the super committee could not come up with a plan are supposed to translate into $6 billion in cuts to National Defense (Dems thinking that Reps wouldn't stand for this), called sequestration by the Pentagon. The cuts in this article do NOT include sequestration cuts.

Another $6 billion in cuts would be for entitlement spending (ditto above, but reversed). I have yet to see anything published on how the $6 billion cut in entitlement spending is going to be accomplished. If you remember both would automatically go into effect if the super committee could not come up with a budget, which they miserably failed to do.

If anyone has heard something I missed I'd love to hear about it.

24 posted on 02/04/2012 7:20:27 AM PST by Alissa
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To: Alissa

Thanks for the info!


31 posted on 02/04/2012 10:47:01 AM PST by Levante
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